Where to find your £5,000 small business technology grant

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The EU European Regional Development Fund is offering £20m price of technology grants to small companies

The Government has introduced a brand new £20m IT funding package deal to assist small companies get by the coronavirus pandemic.

Small and medium-sized companies can entry a small business technology grant between £1,000 and £5,000 to spend on new tools and IT recommendation.

The small business technology grant may be spent on the next:

Human sources
IT and digital

Or it may be used to purchase minor tools to adapt or undertake new technology so as to keep on buying and selling or diversify throughout the COVID-19 pandemic.

>See additionally: You have only one month to declare up to £1.6bn in unspent grants

And the money may be used to stage occasions offering steering to companies responding to coronavirus.

Ironically, given the Government’s pro-Brexit stance, the cash is coming by the final hurrah of the European Regional Development Fund, the EU fund which helps poorer areas.

The £20m price of technology and help grants are being administered by the Government’s 38 regional development hubs.

>See additionally: Rishi Sunak provides small companies £2000 grants for younger trainees

You can find the checklist of development hubs the place you apply for the brand new £1,000 to £5,000 small business technology grants right here.

Regional development minister Simon Clarke mentioned: “We have at all times mentioned that we’d stand behind our companies and communities as we rebuild following the coronavirus pandemic. This new funding does precisely that.

“Businesses will likely be in a position to use these new grants to pay for the experience, tools and technology they want to adapt, get better and rebuild.

“Small and medium sized businesses are the beating heart of communities; they provide employment and contribute significantly to local economies and we are determined to give them the support they need to continue to thrive.”

Pranav Sood, vice-president small business at GoCardless, added: “This new grant from the government will provide a much-needed boost for England’s small businesses. The lifeline provides a welcome injection of capital to help SMEs adapt, recover and rebuild, as well as facilitating access to expert help, new equipment and technology.”

Further studying

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